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    Ambient Secures $2 Million to Scale Up DePIN for Environmental Monitoring Globally

    With New Investment Round Led by Borderless Capital, The Environmental Data DePin, Eyes Solana Launch and Global Market Expansion Ambient, the world’s largest decentralized network of environmental sensors and ambient data, today announced the successful closure of an oversubscribed $2 million seed funding round. This round was led by Borderless Capital, with participation from Solana Ventures, Parami Investors, Sonic Boom Ventures, and Primal Capital, among others.Accurate data is crucial for addressing the challenges of climate change and air pollution, which is the leading environmental cause of illness and premature death. And while the demand for detailed environmental monitoring is projected to reach $40 billion by 2030, there is a tremendous scarcity of real-time and localized data available for a majority of the world. Using the DePIN model, Ambient has become the fastest growing, decentralized network of climate and ambient sensors across more than 20 countries with real-time data feeds every 5 minutes. Ambient’s reimagined platform will allow individuals to join the network, deploy sensors, and even use their smartphones to monitor and report environmental data and earn rewards. To access Ambient’s data stream API, users can visit https://ambient.network/data About AmbientAmbient is at the leading edge of decentralized environmental monitoring, harnessing the power of its vast sensor network to deliver real-time, actionable environmental data. By utilizing distributed technologies and a community-focused participation model, Ambient not only enhances environmental awareness but also drives impactful change across the globe. Ambient Network is operated by the Cayman Foundation company bearing its name, dedicated to the decentralization, adoption, and security of the network.Website | X | Linkedin About BorderlessBorderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols/companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities. Borderless has been a pioneer in DePIN, launching the first dedicated fund in 2021 and investing in over 35 DePIN projects since then. For more information, users can visit their website at: www.borderlesscapital.ioContactPR DirectorKarla VilhelemMarketWaveskarla@marketwaves.coThis article was originally published on Chainwire More

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    JPMorgan ‘struggles to find the next catalyst for’ Bitcoin and crypto market

    In a detailed market update, the Wall Street giant pinpointed headwinds that are currently impacting the cryptocurrency market. The analysis focused on the performance of Bitcoin and Ethereum ETFs, the implications of Bitcoin’s fourth halving, and broader regulatory developments.”Perhaps these April showers and its poorer month for the cryptoecosystem will bring May flowers and fresher crypto gains and increased activity, but the first few days of May are not tracking notably better than April and we struggle to find the next catalyst for the cryptoecosystem,” it is said in a report.Despite the recent downturn in April, JPMorgan sees mixed signs with potential upsides as investors are piling back into the market after a brief pause. The report details a $218 million in net sales from U.S. spot Bitcoin ETFs on their 80th day of trading, with Fidelity’s FBTC and ARK/21Shares’ ARKB leading the flows. Conversely, GBTC continued to see net redemptions, summing over -$17.4 billion since its conversion. JPMorgan notes this continued outflow despite GBTC recording a rare day of positive inflows earlier in the week.April proved challenging for the crypto markets as total market capitalization declined by 17%, erasing gains from a strong first quarter. Both Bitcoin and Ethereum saw price declines of 15-20%, with altcoins experiencing even steeper drops. Despite this, stablecoins showed resilience with a slight increase in market cap.JPMorgan’s report also highlights the effects of Bitcoin’s fourth halving, which took place on April 19, reducing daily Bitcoin creation from 900 to 450. Historically, BTC halvings are seen as positive price catalysts due to the perceived increase in scarcity. However, the immediate impact was muted, with Bitcoin prices slightly declining post-halving.In terms of regulatory developments, the report mentions Hong Kong’s approval of spot Bitcoin and Ethereum ETFs, contrasting with the U.S. Securities and Exchange Commission’s (SEC) hesitancy on similar applications. Still, JPMorgan remains cautious, as disappointing flows and volumes marked Hong Kong’s ETF debut.JPMorgan’s recent report also paints a contrasting picture between Bitcoin and gold for April. Bitcoin saw a 15% dip, while gold climbed 4% to hit new all-time highs. Interestingly, both assets saw their volatility decrease by roughly 12% last month.Ethereum didn’t fare well either, lagging behind Bitcoin for the second straight month with an 18% drop. Its market cap shrank to $368 billion in April, although it’s still up 34% for the year. The drop in Ethereum was accompanied by a 30% drop in its average daily trading volume.Meanwhile, the prospects for Ethereum in the U.S. are looking bleak, especially regarding regulatory approval for spot ETH ETFs. After a few positive discussions with the SEC, insiders are bracing for a likely rejection of the pending ETF applications on May 23. While there has been some improvement in DeFi activity, the bank notes that “the market cap and total value locked also decreased in April.””Stablecoins, however, were a bright spot for the cryptoecosystem as the largest stablecoins saw their market caps rise low-single-digits MoM,“ the bank added. More

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    Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

    Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiencesEthernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution into a pioneering Layer 2 solution on the Ethereum blockchain. This evolution is poised to transform the web3 entertainment landscape, directly addressing the challenges faced by major brands like Amazon (NASDAQ:AMZN), Marvel, and Warner Brothers in embracing blockchain technology.Ethernity’s interactions with global entertainment brands uncovered significant barriers to their adoption of web3, ultimately inspiring the development of the Ethernity Chain. Chief among their concerns were privacy, cost and complicated interfaces, all of which have been addressed by this evolution; Ethernity’s Layer 2 solution enhances security, offers reduced gas fees, and includes a plug-and-play toolkit, making it easier for global entertainment brands to integrate their franchises into the blockchain. To ensure proprietary data and creator IP are protected, the Ethernity Chain incorporates advanced AI capabilities – including comprehensive Digital Rights Management (DRM) controls – that combat counterfeit asset trading and provide a secure environment for both users and brands.Key Features of the Ethernity ChainFor more information about Ethernity and its transition to Layer 2, please visit https://ethernity.io. About EthernityEthernity is a leading Cayman Islands based technology company specializing in innovative web3 solutions including their upcoming Ethereum Layer 2 solution specifically built for global entertainment brands aiming to transition their intellectual properties to the blockchain. By capitalizing on our established partnerships, deep expertise, and robust infrastructure, Ethernity is set to spearhead the world’s leading web3 entertainment ecosystem. We offer an AI enhanced, secure, eco-friendly, and intuitive platform that caters to the evolving needs of the next generation of entertainment enterprises and products.ContactCMOJames AitkenEthernity Chainjames@ethernity.ioThis article was originally published on Chainwire More

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    TradeSta Unveils Non-Custodial Web3 Trading Platform

    TradeSta, a newly announced non-custodial Web3 trading platform, is set to redefine digital asset trading. Developed by industry veterans Kieron Cartledge and Hasan Zahr, TradeSta promises a secure, user-driven experience that prioritizes privacy and full control over personal assets. With over 10,000 people already signed up, the platform’s waitlist is now live, and its STA Token private sale in full swing, it is set to launch their public sale this quarter. Additionally, the community is encouraged to join the conversation on TradeSta’s Telegram group to stay updated on the latest developments and participate in the upcoming pre-sale.With a user-centric approach, TradeSta is committed to providing traders with a secure and transparent environment to trade cryptocurrencies. The platform is uniquely designed to support real-time trading without the intervention of third parties, ensuring that users have direct control over their transactions. TradeSta also places a high priority on continuous technological upgrades to enhance user experience and platform performance. For more details, users can visit www.tradesta.io or docs.tradesta.io. ContactsCEOKieron CartledgeTradeSta.iokieron@tradesta.ioCMOBetty OwhorTradeSta.iobetty@tradesta.ioThis article was originally published on Chainwire More

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    Yes, Bitcoin (BTC) Recovered, But Bears Are in Control

    Bitcoin recently tested the 26-day EMA, an important technical threshold. This level is proving to be a formidable barrier, and there is a real possibility that BTC may not break through. If this resistance holds, Bitcoin could see a retest of the $58,000 mark, which has emerged as a strong support level over recent months. Additionally, the 100-day EMA is lurking around $60,000, reinforcing this critical price zone.The volume is somewhat neutral with a slight downward trend, which does not lend enough strength to suggest a bullish reversal is imminent. This aligns with broader market sentiment, as captured by various risk indicators that continue to point toward heightened caution.Liquidation of long positions has also been observed, cooling down the momentum on perpetual markets. While this consolidation phase is ongoing, Bitcoin enthusiasts and traders are closely monitoring whether BTC can secure a breakthrough above the $65,000 resistance level. Such a move could potentially reinvigorate market sentiment and pave the way toward $70,000.However, the overarching narrative remains bearish. Bitcoin’s inability to break through key EMAs such as the 26 and 50, coupled with ongoing high-risk signals from market indicators, suggest that bears currently have the upper hand. We are now watching to see if Bitcoin can maintain its hold above the $60,000 mark or if it will succumb to another round of sell-offs, confirming the bearish trend.This article was originally published on U.Today More

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    New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan

    Cryptocurrency casino platform TG.Casino and iconic Italian football team AC Milan announced they have struck a new partnership this week. ‘TG Casino is proud to formally announce our new partnership with AC Milan joining them as their iGaming partner in Europe. Players at TG Casino will soon be able to win money can’t buy AC Milan experiences and merchandise!’The acmilan.com website posted a press release the same day:‘AC Milan and TG.Casino are delighted to announce a new partnership, which sees the online casino platform become the Official Regional iGaming Partner of the Rossoneri in Europe. Thanks to this new partnership, $TGC token holders will have the chance to win lots of experiences offered by the Rossoneri club.’The football club went on to add that $TGC holders will have chances to win official AC Milan jerseys, visits to the Milanello training centre, VIP access at the San Siro stadium and more ‘bespoke experiences’ that bring them closer to the club.Players at the top crypto casino also took to Twitter to note that the partnership could be important for TG.Casino and it’s native token ($TGC), thanks to the increased exposure for the Telegram compatible crypto casino app.Listed on Uniswap on January 5th, 2024, the $TGC token price raised over 10% hours after the AC Milan partnership was announced on the 6th May before getting back to the pre-announcement levels the day after.The existing use cases of $TGC according to CoinMarketCap include ‘cashback on losses and staking rewards’ for holders – a portion of the crypto casino’s profits are used to buy back $TGC on the open market, 40% of which are then burned to lower the circulating supply and 60% of which are added to a staking pool.Now following the partnership, AC Milan also described $TGC as a ‘fan engagement tool’.TG.Casino also launched an NFT collection on OpenSea in 2024, holders of which have their casino rewards multiplied further.About TG.CasinoLicensed in Curacao, TG.Casino has been ranked the top no KYC casino on leading tech blogs for its innovative Telegram bot that allows for instant play anywhere in the world of over 5,000 games, with no verification requirements.That was echoed by AC Milan following its May 6 announcement that TG.Casino will be its new regional iGaming partner, who stated the partnership ‘catapults TG.Casino into the top ranks of GameFi by bringing the brand into the living rooms and onto the mobiles of tens of millions of consumers all over Europe.’Since its 2023 launch the platform took a different, novel approach to other new crypto casinos and developed its platform primarily on Telegram, in order to provide complete anonymity and seamless mobile play.TG.Casino is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactTG.Casinocontact@tg.casinoThis article was originally published on Chainwire More

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    Bernstein doubles down on $150,000 target for Bitcoin price

    The firm cites a shift from sentiment-driven to structurally-driven demand in Bitcoin markets, led by institutional interest and inflows into ETFs. As Bitcoin resumed its upward trajectory after dipping to a low of around $57,000, Bernstein noted the clearing of excess leverage in futures contracts and a positive reversal in ETF outflows. A major highlight was the Grayscale Bitcoin Trust (BTC) (NYSE:GBTC) reporting its first inflow after 78 consecutive days of outflows, a milestone given its impact on market dynamics.”Bitcoin’s current position at around $64,000 is just the beginning. The structure of the market is far stronger than during the 2021 euphoria at similar levels, largely driven by clear ETF-driven demand,” the report reads.The bullish outlook is further supported by the sheer volume of cash flooding into Bitcoin ETFs, amassing nearly $12 billion within just three months of their launch. Bernstein expects this trend to persist, driven by increased allocations from private banks, wealth managers, and institutional investors, projecting around $70 billion in new inflows between 2024 and 2025.The report also points to favorable regulatory developments and corporate adoption, citing companies like Block integrating Bitcoin into their treasury strategies. Moreover, the stability in Bitcoin’s hash rate post-halving and healthy miner transaction fees indicate a resilient mining sector poised for long-term market growth.Bernstein expects that higher Bitcoin prices and transaction fees will offer miners a buffer even if production costs double post-halving.Mining stocks have lagged behind the Bitcoin rally due to investors favoring a “long Bitcoin, short miners” strategy. The rationale behind this approach is the perceived safety in buying spot ETFs compared to mining stocks, which are susceptible to risks associated with the halving.”Bitcoin mining dynamics are also supporting the market, with public miners expanding capacity and negotiating favorable terms amidst competitive pressures from AI capital expenditures,” Bernstein added.With all these factors in place, Bernstein remains confident in their $150K Bitcoin target, viewing current prices as an attractive risk-reward opportunity for investors. The firm believes we are in the early stages of a longer and healthier Bitcoin cycle that could extend well into 2025. More

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    Enter the Wasteland: Survive, Conquer and Thrive in a Post-Apocalyptic Playground with DECIMATED

    As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and PvE online game experience, invites players to an unprecedented journey through a vast dystopian landscape. Offering freedom for players to explore this post-apocalyptic playground, DECIMATED opens up a realm where players craft their own fate as human citizens struggling for survival or cyborg cops enforcing order in a world where nature and technology collide in chaos.A New World Awaits: Immersive Gameplay and Unparalleled AdventureAt the heart of DECIMATED lies a richly designed, immersive world that tests each player’s survival instincts at every turn. Players engage in a relentless battle for existence against the apocalyptic aftermath, populated by mutated creatures, environmental hazards, and rival survivors. This rich narrative is further enhanced by offering players the opportunity to salvage advanced technology, uncover hidden treasures, and navigate the perils of a fractured society on the brink of rebirth.DECIMATED stands as a testament to survival, strategy, and resilience, offering a sandbox of endless possibilities. Whether patching up a battle-scarred vehicle, building impenetrable bases, to navigating the treacherous markets of this new world, players can embrace the lawless land, facing off against deranged robots, monstrous bio-entities, and other mutants, all while forging alliances or rivalries with other players to carve out a semblance of civilization amid chaos.Backed by 46 Investors and a Growing CommunityDecimated received an Epic Mega Grant and was backed by 46 investors in December 2021 after the studio was self-funded as an indie start-up for 3 years. Developers Fracture Labs were offered $34M from 180 investors and accepted $3.5M from VC’s including Mechanism Capital, Spartan Capital, Polygon Ventures, Good Games Guild, Israel Blockchain Association, Dutch Crypto Investors and Metavest Capital to name a few. Since then, the Decimated community has grown to 60k followers on Twitter and 23k members in Discord, many of whom are participating in the closed alpha testing.A Quest for Dominance in the Wasteland: The DIO TokenEconomic gameplay takes a revolutionary turn in DECIMATED with the DIO token, integrated into the game using the Solana chain, and with interoperability between all of Fracture Labs’ planned games. This creates a real-time digital economy within DECIMATED, incentivizing players for each and every decision made, as well as their efforts within the game itself. Every transaction, trade, and treasure found within this desolate world is valued in DIO, bridging the game to real-world economic principles, making the thrill of loot discovery and trading exponentially more engaging.The ways to earn in DECIMATED are as varied as the wasteland itself. Players can venture into the unknown, salvaging cargo and lost technology, engaging in both legal and illicit commerce to claim their fortune. Whether it’s ambushing convoys for loot, undertaking dangerous missions, or trading valuable finds on the virtual market, success in the desolate landscape of DECIMATED demands wit, bravery, and a keen sense of strategy. Decimated features a leaderboard system that rewards the best performing players, whether they play solo, in guilds or clans.A Game Forged for the Future at Token2049 DubaiIn a recent announcement, DECIMATED confirmed its official sponsorship of Token2049 Dubai, underscoring its commitment to innovation, blockchain technology, and the burgeoning digital economy, demonstrating their potential for the future from the lens of immersive gaming. This sponsorship accentuates DECIMATED’s commitment to forging a future where gaming transcends mere entertainment to become a cornerstone of digital economies in virtual worlds, allowing players to earn real rewards through tournaments.The community buzzed with excitement for DECIMATED listing on the Epic Games Store in May 2024. While the official launch date is yet to be announced, the open alpha is pegged for the end of 2024, and the eagerness around this launch grows daily as players and fans are encouraged to keep an eye out for what hopes to be a landmark announcement in online gaming history.About DECIMATEDDECIMATED is the future of immersive online gaming, offering a dynamic 3rd person PvP and PvE experience within a richly detailed post-apocalyptic world. With its unique digital economy and endless opportunities for exploration, combat, and alliance, DECIMATED invites players to define their legacy in a world where every decision can mean the difference between survival and extinction.For media inquiries or further information, please visit https://www.decimated.netContactCEOStephen ArnoldFracture Labs PTE Ltdcontact@decimated.net+35699554901This article was originally published on Chainwire More